Ministry of Energy and Infrastructure Greenlights 60% Expansion in Natural Gas Supply from Tamar Reservoir

Posted on Aug 23, 2023 by Ifi Reporter - Dan Bielski

Ministry of Energy and Infrastructure has taken steps to accelerate the expansion of natural gas supply from the Tamar reservoir. The ministry's professionals estimate that this expansion will increase production by about 60%, ensuring a stable supply of natural gas for the local economy until at least 2048.

The expansion plan is currently awaiting final approval from the reservoir's partnership, marking a pivotal moment in Israel's energy strategy.

Minister of Energy and Infrastructure, MK Israel Katz, expressed his enthusiasm for the project: "With a steadfast commitment to securing our nation's energy needs, I have given my approval for the augmentation of natural gas exports to Egypt via the Tamar reservoir. This landmark decision not only promises to boost our state's revenues but also cements the strong diplomatic ties between Israel and Egypt. I commend Prime Minister Netanyahu and former minister Steinitz for their dedication to harnessing this underwater resource. I am resolute in my pursuit of utilizing it for the betterment of every Israeli citizen."

The envisioned expansion entails the installation of a third transmission line connecting the Tamar wells to the production rig. In addition, the production system will undergo comprehensive upgrades to enhance efficiency and output. These strategic enhancements are poised to fortify Israel's energy infrastructure and foster sustainable economic growth.

Pending the partnership's final investment decision, the expansion project holds the potential to significantly bolster the nation's energy landscape. By leveraging the Tamar reservoir's resources, Israel can cater to its domestic energy demands while nurturing valuable international relationships.

As the Ministry of Energy and Infrastructure spearheads this ambitious endeavor, all eyes are on the forthcoming developments that will shape the nation's energy future and its position in the global energy arena.


ABOUT IFI TODAY

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum

Newsline

BRICKSTONE Reports 16% Surge in Safe Deposit Box Rentals by Israelis Living in Western Europe

Oct 16, 2026 by Ifi Reporter - Dan Bielski

 BRICKSTONE, a company operating three private, high-security safe deposit facilities in Israel, has reported an approximately 16% increase over the past month in safe deposit box rentals by Israelis living in France, Germany, the United Kingdom and Belgium. The company attributes... Continue reading →

Finance Ministry Delay Threatens Entry of 50,000 Foreign Workers into Israel

Oct 16, 2026 by Ifi Reporter - Dan Bielski

A dispute over a NIS 10 million budget transfer from Israel’s Finance Ministry is reportedly holding up a government plan to increase the permitted share of foreign workers in the Israeli economy, potentially delaying the arrival of 50,000 additional workers across several key sectors.... Continue reading →

Shoofra Opens New Store at Israel’s Golden Mall, Investing NIS 1 Million

Oct 16, 2026 by Ifi Reporter - Dan Bielski

 Shoofra, the Israeli footwear retailer known for its colorful, original designs and distinctive shoe brands, has opened a new store on the newly inaugurated floor of Golden Mall in Rishon LeZion. The 170-square-meter store represents an investment of approximately NIS 1 million... Continue reading →


Testimonials

No testimonials. Click here to add your testimonials.